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16815 W Magnolia Street Goodyear, AZ 85338

4 Beds 3 Baths 2,239 sqft Built 2009

$349,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $155.87
  • 3 Days on Market
  • MLS # : 6160367
  • Updated Date : 11/13/2020 at 17:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,239 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Upgraded 4 BR, 2.5 BA, Open Concept Layout. Large Master Suite with other 3 Bedrooms Split. All BR's Have Walk-In Closets. Master has Sep Shower & Tub & Dual Vanity. Kitchen has Granite Countertops, Upgraded Staggered Cabinetry & Raised Island. Large Great Room, Eating area and Kitchen perfect for entertaining. Lots of Large Tile Flooring with Carpet in BR's. Rear Yard has Large Covered Patio with Extended Paver Patio area for lots of room to Play or Entertain Guests. Synthetic grass is a Plus so you spend less time mowing and more time relaxing! RV Gate and 3 Car Tandem Garage with cabinets for all your toys. You will love this place! Come and get it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Trails South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10101981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Verrado High School High Regular 1,855 74 4

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,288
Property Tax -$233
Property Insurance -$71
HOA -$85
Property Management Fees -$99
CASH FLOW
-$245

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$349,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,233

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6504$1,7255$1,850
$1,850
RENT COMPS ANALYSIS
  • 16815 W Magnolia Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16143 W Hilton Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 16740 W Pima Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 16775 W Durango Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.71
    •  
  • 16759 W Shiloh Avenue Goodyear, AZ 5
    • 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2009
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
PROPERTY LISTING DETAILS
Russell C Ellis
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160367
Last Updated: 11/13/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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